Understanding Your Options in Retirement Community Pricing
Selecting the right retirement community in Houston involves more than just location; it’s about finding a pricing model that aligns with your financial and lifestyle goals. At The Buckingham, conveniently located near Houston’s Memorial area, we offer three distinct and flexible retirement financial options for independent living to suit a range of preferences.
Our not-for-profit Life Plan status means financial resources are reinvested back into the community, enhancing services, amenities and care. Whether you’re seeking flexibility or an immediate no-buy-in option, The Buckingham provides a supportive environment that helps residents live confidently.
What Is an Entrance Fee Community?
An entrance fee community requires a one-time upfront payment plus monthly fees. At The Buckingham, this model includes two main options designed to fit different life and financial needs.
Life Care Plan (Type A Contract)
This plan offers lifelong residency, comprehensive care and predictable costs, including priority access to higher levels of care such as assisted living, memory support and skilled nursing. If your healthcare needs change, the Life Care plan ensures your rates remain predictable.
Additionally, portions of the upfront payment count as prepaid medical expenses, offering potential tax advantages. Long-term care insurance can also help reduce costs when transitioning to higher levels of care.
Fee-for-Service Plan (Type C Contract)
This option offers lower upfront costs, with residents paying for additional care only as needed. Like the Life Care plan, it provides priority access to higher care levels.
Fee-for-Service works well for those valuing financial flexibility and focusing on market-rate payments only when services are required.
What Is a Rental Model?
For residents preferring no-buy-in retirement living, The Buckingham’s Leasing Plan provides an ideal solution.
Leasing Plan
This option removes upfront commitment, requiring only a monthly payment. It’s perfect for individuals who want to maintain liquidity and flexibility while enjoying resort-style living and luxurious amenities. Residents still receive priority access to higher levels of care, with long-term care insurance available to offset applicable costs.
This no-buy-in model offers the freedom to focus on enjoying retirement without a large initial payment.
The Buckingham’s Dual-Model Advantage for Independent Living in Houston
What makes The Buckingham exceptional is our dual-model approach, which sets it apart from communities offering only one pricing structure. When you can’t decide between an entrance fee or a rental senior living option, The Buckingham provides the convenience of having both.
Our reinvestment-driven, not-for-profit structure ensures every resident benefits from consistently enhanced services and amenities while enjoying priority access to high-quality healthcare.
Choosing What’s Right for Your Lifestyle and Goals
Choosing between the options depends on your unique financial and lifestyle priorities.
- The Life Care plan provides comprehensive preparation with predictable lifelong costs and access to care
- The Fee-for-Service plan offers lower costs upfront but requires payment only when advanced care becomes necessary
- The Leasing Plan supports flexibility and liquidity while removing the need for an entrance fee
No matter the choice, you’ll enjoy The Buckingham’s expansive services and amenities, including engaging dining venues, diverse social programs, wellness classes and beautifully landscaped surroundings.
How The Buckingham Supports a Retirement Lifestyle Without Compromise
The Buckingham’s premier retirement community in Houston delivers unparalleled flexibility with an entrance fee and no-buy-in rental models tailored to your needs. Located near the Memorial area, The Buckingham blends luxury and security, all within an active, engaging lifestyle.
Contact us today to learn more about our Life Care, Fee-for-Service and Leasing plans, and take the first step toward your ideal retirement at The Buckingham.
